Black Hills (BKH) vs Pampa Energia S.A. (PAM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Pampa Energia S.A. (PAM) has outperformed Black Hills (BKH) over the past year, gaining 33.6% versus a gain of 23.9%. Over five years, PAM leads with a +309.4% price change compared with +17.5% for BKH. Black Hills is the larger company by market cap ($5.78 billion vs $4.29 billion), about 1.3 times the size.
On valuation, Pampa Energia S.A. trades at a lower forward P/E (6.8x vs 16.4x for Black Hills). Black Hills pays a dividend yielding 3.64%, while Pampa Energia S.A. does not currently pay one. Pampa Energia S.A. converts more of its revenue into profit, with a net margin of 33.0% versus 12.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BKH | PAM |
|---|---|---|
| Share price | $75.84 | $80.12 |
| Market cap | $5.78B | $4.29B |
| 1-day change | +7.21% | -1.67% |
| YTD return | +9.25% | -9.48% |
| 1-year return | +23.88% | +33.56% |
| 5-year return | +17.45% | +309.40% |
| P/E ratio (TTM) | 17.80 | 7.28 |
| Forward P/E | 16.39 | 6.83 |
| EPS (TTM) | $4.26 | $11.00 |
| Dividend yield | 3.64% | 0.00% |
| Annual dividend | $2.76 | $0.00 |
| Revenue (latest FY) | $2.31B | $1.88B |
| Revenue growth (YoY) | +8.57% | +8.31% |
| Net income (latest FY) | $291.60M | $619.00M |
| Gross margin | — | 31.82% |
| Operating margin | 23.27% | 23.45% |
| Net margin | 12.62% | 33.00% |
| 52-week high | $78.69 | $94.50 |
| 52-week low | $59.91 | $58.50 |
| Distance from 52-week high | -3.62% | -15.22% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +8.12% | +51.14% |
| Average volume | 869.75K | 172.57K |
| Shares outstanding | 76.25M | 53.60M |
| Employees | 2,795 | — |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Black Hills trades at a higher earnings multiple (17.8x vs 7.3x trailing P/E).
- Black Hills offers a meaningfully higher dividend yield (3.64% vs 0.00%).
- Pampa Energia S.A. is more profitable, keeping 33.0 cents of every revenue dollar as net income versus 12.6 cents for Black Hills.
About Black Hills
BKH stock →Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments.
Utilities · Electric Utilities: Central · 2,795 employees
About Pampa Energia S.A.
PAM stock →Pampa Energía S.A. operates as an integrated power company in Argentina.
Utilities · Electric Utilities: Central
BKH vs PAM FAQ
Which is bigger, Black Hills or Pampa Energia S.A.?
Black Hills (BKH) is larger, with a market capitalization of $5.78B compared with $4.29B for Pampa Energia S.A. (PAM).
Which stock has performed better over the past year, BKH or PAM?
PAM returned +33.56% over the past 12 months, compared with +23.88% for BKH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BKH or PAM?
PAM has the lower trailing P/E at 7.3, versus 17.8 for BKH. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Hills or Pampa Energia S.A.?
Black Hills pays a dividend yielding 3.64%, while Pampa Energia S.A. does not currently pay a regular dividend.
Are Black Hills and Pampa Energia S.A. in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.